31Securities

31 Securities

Greenhouse gas titles (1) For the purposes of this Act, if: (a) a greenhouse gas assessment permit, greenhouse gas holding lease or greenhouse gas injection licence is in force; and (b) either: (i) the successful applicant for the permit, lease or licence lodged a security with the responsible Commonwealth Minister in response to the offer document for the permit, lease or licence; or (ii) the registered holder, or a former registered holder, of the permit, lease or licence lodged a security with the responsible Commonwealth Minister in response to a notice under section 454; and (c) the security has not been wholly discharged; the security is taken to be in force in relation to the permit, lease or licence. Site closing certificate (2) For the purposes of this Act, if: (a) a site closing certificate is in force; and (b) the successful applicant for the certificate lodged a security with the responsible Commonwealth Minister in response to the pre‑certificate notice for the site closing certificate; and (c) the security has not been wholly discharged; the security is taken to be in force in relation to the site closing certificate.

Note: For pre‑certificate notice, see section 388.